To identify the cities that may be at risk of a housing collapse, 24/7 Wall St. reviewed quarterly median home price data for 123 metropolitan statistical areas from real estate data firm ATTOM Data Solutions. We reviewed the 15 metro areas with the greatest percentage change in median home value from their pre-recession high to current levels. Ten-year population change came from the U.S. Census Bureau’s American Community Survey. The affordability ration — median home value-to-median household income — was calculated with 2017 data, also from the ACS. We excluded from consideration those markets with an affordability ratio higher than 3.61.
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.